World Bank reappoints Kim to five-year term as president

September 27, 2016 3:22 PM EDT

World Bank President Jim Yong Kim arrives at the Elysee Palace in Paris, France, August 29, 2016. REUTERS/Charles Platiau

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

WASHINGTON (Reuters) - The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.

Kim, an American citizen, was unanimously chosen by the bank's executive directors for a term that begins on July 1, 2017, the World Bank said in a statement.

(Reporting by Timothy Ahmann; Editing by Alan Crosby)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment